-
Budget. The Board
annually shall conduct a public budget review and approve a budget
for the College for the next fiscal year.
The Board shall approve all budget adjustment requests made
to the New Mexico Higher Education Department.
-
Agreement between Governing Board and
CNM Foundation. The Governing Board and the CNM Foundation
shall have a memorandum of understanding addressing their
relationship, the Foundation's organization and function, and the
management and distribution of gifts and donations.
-
Audits.
The Board shall adopt an audit policy to provide guidelines
to the administration relative to audits and evaluations of the
College’s fiscal operation.
-
Capital Outlay.
The Board shall have in place policies relating to acquisition and
disposition of real property and other capital outlay.
-
Check Signing and
Wire Transfer Authority. The Board shall designate persons
to sign checks
and authorize wire transfers on behalf of the College.
-
Investments.
The Governing Board shall adopt a policy providing guidelines for
investment of College assets.
-
Mileage
and Per Diem Rates. The
Board shall establish maximum mileage and per diem rates compatible
with state statute.
-
Nursing Endowment Fund. The
Governing Board shall develop an oversight and investment
policy for the donor-established nursing endowment fund.
-
Travel
Policy and Procedures. The
Board shall adopt a policy that outlines policies and procedures
relative to reimbursement and arrangements for College-related
travel.
-
Procurement
Code. The Board shall
adopt a policy that follows state statute in the procurement of
services, tangible personal property, and construction.
-
Representation
and Entertainment Expenses.
The
Board shall adopt a policy regarding use of appropriated funds and
the College’s general activity account for representation and
entertainment expenses.
